Lennar: Dividend Insights
Portfolio Pulse from Benzinga Insights
Lennar (NYSE:LEN) has announced a quarterly dividend of 37.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 37.5 cents lower. Shareholders who own LEN as of the end of Wednesday's session will be eligible for the dividend, which will be paid out on July 21, 2023.
July 03, 2023 | 2:45 pm
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NEUTRAL IMPACT
Lennar's announcement of a 37.5 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a standard part of the dividend process and does not indicate a problem with the company's performance. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100